‘The number one emotion I feel about [Bitcoin] is jealousy’ says gold investor

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'The number one emotion I feel about [Bitcoin] is jealousy' says gold investor


Trey Reik, managing member of the Bristol Gold Group, highlights the important thing arguments from the Bitcoin versus gold debate with Kitco Information anchor David Lin.

Reik mentioned that many Bitcoin patrons have been as soon as annoyed gold buyers who have been disenchanted with the metallic’s efficiency during the last 10 years.

“The primary emotion that I really feel about Bitcoin on a day after day foundation is jealousy,” Reik mentioned.

Nevertheless, Bitcoin nonetheless fails most of the litmus exams as a retailer of worth, which is essentially what gold is.

“If you happen to’re investor, each institutional and retail, and also you’re in search of a long-term retailer of worth, for my part gold suits that invoice and Bitcoin’s not but actually within the debate. If you happen to’re in search of a decentralized asset, utterly freed from oversight or institutional involvement, Bitcoin is what you’re in search of,” he mentioned.

For extra on which asset serves as a greater funding car and inflation hedge, in addition to Reik’s outlook on costs, watch the video above. Observe David Lin on Twitter @davidlin_TV (https://twitter.com/davidlin_TV).

Disclaimer: The views expressed on this article are these of the creator and will not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of knowledge supplied; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.


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